Listed by Matthews
$1,376,000
FedEx Freight - Owatonna, MN
Details
APN 17-491-0106
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 12,550
Net Rentable (SqFt) 12,550
Cap Rate 7.5%
NOI $103,200
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NNN
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $110
Broker Co-Op Yes
Year Built 1998
Buildings 1
Acreage 3.740
Investment Type Net Lease
Tenant Credit Credit Rated
Occupancy Date 01/01/1999
Ground Lease No
Dock High Doors 23
7.50% Cap | Long Term Operating History | Low Coverage Facility
Marketing description
FedEx Freight is a dominant player in the Less-Than-Truckload (LTL) industry, posting an industry leading $9.4B in revenue in FY ‘24.
The facility is FedEx Freight’s only location in Minnesota south of the Minneapolis-St. Paul MSA and is centrally located between Rochester and Mankato.
The ±12,550 SF building sits on ±3.74 AC and comes equipped with 24 total doors.
The facility had significant parking lot renovations completed in August 2025.
FedEx Freight has an operating history of over 20 years at this specific location.
Investment highlights
Industry Leading Tenant
- In December 2024, FedEx Corporation announced its intent to separate FedEx Freight from the broader FedEx enterprise, establishing FedEx Freight as a standalone publicly traded company. The separation is expected to be completed in 2026 and is designed to enhance FedEx Freight’s operational focus and efficiency as one of the dominant players in the less-than truckload (LTL) industry. Operating from more than 350 locations across North America, FedEx Freight generated an industry leading $9.4 billion in revenue in FY ’24.
Strategic FedEx Freight Hub
- This property serves as FedEx Freight’s only location in Minnesota south of the Minneapolis–St. Paul MSA and is centrally positioned between the Rochester (225,000+ residents) and Mankato (100,000+ residents) MSAs, making it a mission critical location for the company’s LTL operations in southern Minnesota. Situated less than a mile from Interstate 35 and just north of the I-35/Hwy 14 intersection, the site offers easy access to the broader region.
Recently Upgraded Facility / Long Term Operating History
- The ±12,550 SF building sits on ±3.74 acres (±7.70% coverage), features 24 total doors, and recently had significant parking lot renovations in August 2025 to enhance long term operational efficiency. FedEx Freight has an established operating history of over 20 years at this specific location.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,200.00
$8,600.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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